VanEck BDC Income ETF (NYSEARCA:BIZD – Get Free Report) shares were down 1.4% on Tuesday . The stock traded as low as $13.13 and last traded at $13.14. 3,242,094 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 3,446,173 shares. The stock had previously closed at $13.33.
VanEck BDC Income ETF Stock Down 1.4%
The stock has a fifty day moving average of $12.92 and a two-hundred day moving average of $12.77. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 11.32 and a beta of 0.65.
Hedge Funds Weigh In On VanEck BDC Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantum Portfolio Management LLC acquired a new stake in shares of VanEck BDC Income ETF in the first quarter worth $42,000. Wells Fargo & Company MN lifted its holdings in shares of VanEck BDC Income ETF by 126.1% during the 4th quarter. Wells Fargo & Company MN now owns 4,413,105 shares of the company’s stock valued at $62,578,000 after acquiring an additional 2,460,983 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of VanEck BDC Income ETF by 62.6% during the 2nd quarter. Bank of America Corp DE now owns 5,295,265 shares of the company’s stock valued at $86,207,000 after acquiring an additional 2,038,234 shares in the last quarter. Cambridge Associates LLC MA ADV boosted its position in VanEck BDC Income ETF by 279.0% during the 4th quarter. Cambridge Associates LLC MA ADV now owns 1,747,956 shares of the company’s stock worth $24,786,000 after purchasing an additional 1,286,774 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in VanEck BDC Income ETF during the 1st quarter worth $13,576,000.
VanEck BDC Income ETF Company Profile
The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.
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